UMB Financial (NASDAQ:UMBF) Downgraded to Sell Rating by StockNews.com

UMB Financial (NASDAQ:UMBF) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

UMBF has been the topic of a number of other reports. Wells Fargo & Company increased their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Barclays raised their price target on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada started coverage on UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Finally, Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

UMB Financial Stock Down 0.6 %

Shares of UMB Financial stock traded down $0.77 during trading hours on Monday, reaching $124.72. 344,709 shares of the company were exchanged, compared to its average volume of 364,003. The firm has a market cap of $6.09 billion, a PE ratio of 15.59 and a beta of 0.78. The stock’s fifty day moving average is $113.16 and its 200 day moving average is $99.25. UMB Financial has a 1 year low of $73.54 and a 1 year high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same quarter last year, the company earned $2.02 EPS. As a group, equities research analysts forecast that UMB Financial will post 9.21 earnings per share for the current year.

Insiders Place Their Bets

In other UMB Financial news, Director Kris A. Robbins sold 5,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total value of $512,500.00. Following the transaction, the director now directly owns 3,211 shares of the company’s stock, valued at approximately $329,127.50. The trade was a 60.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the transaction, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,303 shares of company stock valued at $5,830,165. Insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UMBF. Price T Rowe Associates Inc. MD increased its holdings in shares of UMB Financial by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,755 shares of the bank’s stock valued at $2,589,000 after purchasing an additional 1,633 shares in the last quarter. CWM LLC lifted its position in shares of UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after acquiring an additional 129 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of UMB Financial by 37.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,553 shares of the bank’s stock worth $380,000 after acquiring an additional 1,246 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of UMB Financial in the 2nd quarter worth approximately $3,808,000. Finally, AlphaMark Advisors LLC purchased a new position in UMB Financial in the 2nd quarter valued at approximately $321,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.